News

Are You Inside IR35?

Many contractors are aware of the IR35 legislation and some put measures in place to ensure that they are protected should the Revenue ever launch an investigation into their company accounts. There are a lot of contractors however who operate outside of IR35 who may not be sure of their status. If you think that you might be inside IR35 then read on.

Building a Brand

There are many important factors that business owners consider when setting up which take much planning and investment, and important examples of these are brand awareness, marketing and brand recognition. For contractors, however, things are usually a little different, and building a brand is not at the forefront of a contractor’s mind when setting up a company and even landing a contract. Regardless of this,…

Getting a Contractor Accountant

Being a one-man band Ltd Company Director/Shareholder can seem a daunting undertaking for those taking their first steps into contracting. We speak with many first-time contractors every day and are often asked ‘Why do I need a contractor accountant?’ Appointing a skilled accountant is a very important part of a successful contracting career, and here are five reasons why getting a contractor accountant can…

Why use accounting for limited companies?

Having an accountant in place is vital in running and maintaining a successful business. Companies large and small are required to declare income to the taxman and ensure that their invoicing and expenditure is recorded correctly. Whether a company has hundreds of staff and a turnover of millions or is a one-man band Ltd Company, accounting for limited companies is…

Switching to Qdos Accounting

Here at Qdos Accounting, we have many clients switch to us successfully from their previous accountants. There are many reasons why contractors decide to transfer their accounts to us, and some of the reasons are discussed here.

With each client we bring on board for switching accountants we aim to be transparent with all our processes and…

We speak with many first time contractors every day, and often we are asked the same question, where should I choose for my company’s registered office address? Many contractors use their homes or pay for a separate registered office address elsewhere, but our thoughts couldn’t be simpler, why not choose your accountant?

Your company’s registered office address will be the primary address used for routine correspondence from HMRC…

We speak with numerous professionals every day looking to set up and trade via a Ltd company. One of the most frequently asked questions when starting out is what a contractor should call their company. Although naming a business should be down to the director alone, we thought it helpful to provide some guidance on choosing the right company name.

We support many Ltd company professionals and most made their leap into contracting after careful deliberation. Some go Ltd because of a change in circumstances, some want more freedom in how they work, and some do it because they want to earn more from their income. Below, we examine five of the most common reasons that people set up and trade via a Ltd company.

Threat of Redundancy…

Having an accounting provider in place is vital in ensuring that a business can operate sufficiently. Having the right accountant that works for you is very important in ensuring that you utilise your company income correctly. We speak to numerous contractors every day who are looking at switching their accounts away from…

In a time of apparent reform for the IR35 legislation, Her Majesty’s Revenue & Customs’ charge against non-compliance is stopped in its tracks as they lose First Tier Tax Tribunal against Ltd company contractor.

IR35 cases have never been black and white, but despite their complexities, since HMRC launched dedicated teams tasked solely with enforcing the legislation, the number of investigations in the working status’…